HAIVISION SYSTEMS INC (HAI.CA) Fundamental Analysis & Valuation
TSX:HAI • CA40531F1009
Current stock price
6.5 CAD
-0.11 (-1.66%)
Last:
This HAI.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. HAI.CA Profitability Analysis
1.1 Basic Checks
- HAI had positive earnings in the past year.
- In the past year HAI had a positive cash flow from operations.
- In multiple years HAI reported negative net income over the last 5 years.
- Of the past 5 years HAI 4 years had a positive operating cash flow.
1.2 Ratios
- With a decent Return On Assets value of 0.73%, HAI is doing good in the industry, outperforming 76.92% of the companies in the same industry.
- HAI's Return On Equity of 1.07% is amongst the best of the industry. HAI outperforms 84.62% of its industry peers.
- HAI has a better Return On Invested Capital (1.57%) than 84.62% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for HAI is significantly below the industry average of 13.42%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.73% | ||
| ROE | 1.07% | ||
| ROIC | 1.57% |
ROA(3y)0.84%
ROA(5y)-1.76%
ROE(3y)1.21%
ROE(5y)-2.62%
ROIC(3y)1.94%
ROIC(5y)N/A
1.3 Margins
- HAI has a better Profit Margin (0.70%) than 76.92% of its industry peers.
- In the last couple of years the Profit Margin of HAI has declined.
- HAI's Operating Margin of 1.62% is amongst the best of the industry. HAI outperforms 84.62% of its industry peers.
- HAI's Operating Margin has declined in the last couple of years.
- The Gross Margin of HAI (72.12%) is better than 100.00% of its industry peers.
- In the last couple of years the Gross Margin of HAI has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.62% | ||
| PM (TTM) | 0.7% | ||
| GM | 72.12% |
OM growth 3YN/A
OM growth 5Y-47.67%
PM growth 3YN/A
PM growth 5Y-58.76%
GM growth 3Y1.83%
GM growth 5Y-1.12%
2. HAI.CA Health Analysis
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), HAI is destroying value.
- Compared to 1 year ago, HAI has less shares outstanding
- Compared to 5 years ago, HAI has more shares outstanding
- The debt/assets ratio for HAI has been reduced compared to a year ago.
2.2 Solvency
- An Altman-Z score of 3.76 indicates that HAI is not in any danger for bankruptcy at the moment.
- HAI's Altman-Z score of 3.76 is fine compared to the rest of the industry. HAI outperforms 69.23% of its industry peers.
- HAI has a debt to FCF ratio of 1.54. This is a very positive value and a sign of high solvency as it would only need 1.54 years to pay back of all of its debts.
- HAI has a Debt to FCF ratio of 1.54. This is amongst the best in the industry. HAI outperforms 84.62% of its industry peers.
- HAI has a Debt/Equity ratio of 0.10. This is a healthy value indicating a solid balance between debt and equity.
- HAI has a Debt to Equity ratio of 0.10. This is comparable to the rest of the industry: HAI outperforms 53.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 1.54 | ||
| Altman-Z | 3.76 |
ROIC/WACC0.18
WACC8.85%
2.3 Liquidity
- HAI has a Current Ratio of 1.68. This is a normal value and indicates that HAI is financially healthy and should not expect problems in meeting its short term obligations.
- The Current ratio of HAI (1.68) is better than 76.92% of its industry peers.
- HAI has a Quick Ratio of 1.35. This is a normal value and indicates that HAI is financially healthy and should not expect problems in meeting its short term obligations.
- Looking at the Quick ratio, with a value of 1.35, HAI belongs to the top of the industry, outperforming 84.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.68 | ||
| Quick Ratio | 1.35 |
3. HAI.CA Growth Analysis
3.1 Past
- The earnings per share for HAI have decreased strongly by -85.71% in the last year.
- The earnings per share for HAI have been decreasing by -55.59% on average. This is quite bad
- HAI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 17.53%.
- HAI shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.62% yearly.
EPS 1Y (TTM)-85.71%
EPS 3YN/A
EPS 5Y-55.59%
EPS Q2Q%75%
Revenue 1Y (TTM)17.53%
Revenue growth 3Y3.07%
Revenue growth 5Y10.62%
Sales Q2Q%25.1%
3.2 Future
- Based on estimates for the next years, HAI will show a very strong growth in Earnings Per Share. The EPS will grow by 193.30% on average per year.
- The Revenue is expected to grow by 13.99% on average over the next years. This is quite good.
EPS Next Y1009%
EPS Next 2Y372.51%
EPS Next 3Y193.3%
EPS Next 5YN/A
Revenue Next Year13.8%
Revenue Next 2Y12.39%
Revenue Next 3Y13.99%
Revenue Next 5YN/A
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. HAI.CA Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 650.00, HAI can be considered very expensive at the moment.
- Based on the Price/Earnings ratio, HAI is valued a bit cheaper than 69.23% of the companies in the same industry.
- HAI is valuated expensively when we compare the Price/Earnings ratio to 26.64, which is the current average of the S&P500 Index.
- HAI is valuated correctly with a Price/Forward Earnings ratio of 15.99.
- Based on the Price/Forward Earnings ratio, HAI is valued cheaply inside the industry as 92.31% of the companies are valued more expensively.
- HAI's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 650 | ||
| Fwd PE | 15.99 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HAI indicates a somewhat cheap valuation: HAI is cheaper than 61.54% of the companies listed in the same industry.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of HAI indicates a somewhat cheap valuation: HAI is cheaper than 69.23% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.94 | ||
| EV/EBITDA | 15.39 |
4.3 Compensation for Growth
- The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- The decent profitability rating of HAI may justify a higher PE ratio.
- A more expensive valuation may be justified as HAI's earnings are expected to grow with 193.30% in the coming years.
PEG (NY)0.64
PEG (5Y)N/A
EPS Next 2Y372.51%
EPS Next 3Y193.3%
5. HAI.CA Dividend Analysis
5.1 Amount
- HAI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
HAI.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:HAI (5/1/2026, 7:00:00 PM)
6.5
-0.11 (-1.66%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Industry Strength70.87
Industry Growth49.25
Earnings (Last)03-12 2026-03-12/amc
Earnings (Next)06-09 2026-06-09
Inst Owners1%
Inst Owner ChangeN/A
Ins Owners36.53%
Ins Owner ChangeN/A
Market Cap178.62M
Revenue(TTM)144.70M
Net Income(TTM)1.01M
Analysts82.5
Price Target11.79 (81.38%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-86.65%
Min EPS beat(2)-397.33%
Max EPS beat(2)224.03%
EPS beat(4)1
Avg EPS beat(4)-167.58%
Min EPS beat(4)-496.04%
Max EPS beat(4)224.03%
EPS beat(8)1
Avg EPS beat(8)-127.87%
EPS beat(12)3
Avg EPS beat(12)-79.44%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)7.54%
Min Revenue beat(2)3.37%
Max Revenue beat(2)11.7%
Revenue beat(4)4
Avg Revenue beat(4)7.55%
Min Revenue beat(4)3.37%
Max Revenue beat(4)11.7%
Revenue beat(8)4
Avg Revenue beat(8)-1.19%
Revenue beat(12)7
Avg Revenue beat(12)0.72%
Revenue beat(16)10
Avg Revenue beat(16)1.55%
PT rev (1m)13.5%
PT rev (3m)84.26%
EPS NQ rev (1m)-1000%
EPS NQ rev (3m)-145.83%
EPS NY rev (1m)-13.25%
EPS NY rev (3m)-17.24%
Revenue NQ rev (1m)-7.9%
Revenue NQ rev (3m)-15.11%
Revenue NY rev (1m)-1.24%
Revenue NY rev (3m)1.35%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 650 | ||
| Fwd PE | 15.99 | ||
| P/S | 1.23 | ||
| P/FCF | 22.94 | ||
| P/OCF | 19.41 | ||
| P/B | 1.89 | ||
| P/tB | 4.22 | ||
| EV/EBITDA | 15.39 |
EPS(TTM)0.01
EY0.15%
EPS(NY)0.41
Fwd EY6.25%
FCF(TTM)0.28
FCFY4.36%
OCF(TTM)0.33
OCFY5.15%
SpS5.27
BVpS3.43
TBVpS1.54
PEG (NY)0.64
PEG (5Y)N/A
Graham Number0.879006 (-86.48%)
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.73% | ||
| ROE | 1.07% | ||
| ROCE | 2.29% | ||
| ROIC | 1.57% | ||
| ROICexc | 1.86% | ||
| ROICexgc | 4.35% | ||
| OM | 1.62% | ||
| PM (TTM) | 0.7% | ||
| GM | 72.12% | ||
| FCFM | 5.38% |
ROA(3y)0.84%
ROA(5y)-1.76%
ROE(3y)1.21%
ROE(5y)-2.62%
ROIC(3y)1.94%
ROIC(5y)N/A
ROICexc(3y)2.23%
ROICexc(5y)N/A
ROICexgc(3y)6.04%
ROICexgc(5y)N/A
ROCE(3y)2.77%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y-61.57%
ROICexc growth 3YN/A
ROICexc growth 5Y-56.55%
OM growth 3YN/A
OM growth 5Y-47.67%
PM growth 3YN/A
PM growth 5Y-58.76%
GM growth 3Y1.83%
GM growth 5Y-1.12%
F-Score7
Asset Turnover1.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 1.54 | ||
| Debt/EBITDA | 0.86 | ||
| Cap/Depr | 16.12% | ||
| Cap/Sales | 0.98% | ||
| Interest Coverage | 4.91 | ||
| Cash Conversion | 82.74% | ||
| Profit Quality | 767.98% | ||
| Current Ratio | 1.68 | ||
| Quick Ratio | 1.35 | ||
| Altman-Z | 3.76 |
F-Score7
WACC8.85%
ROIC/WACC0.18
Cap/Depr(3y)17.82%
Cap/Depr(5y)18.89%
Cap/Sales(3y)1.24%
Cap/Sales(5y)1.08%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-85.71%
EPS 3YN/A
EPS 5Y-55.59%
EPS Q2Q%75%
EPS Next Y1009%
EPS Next 2Y372.51%
EPS Next 3Y193.3%
EPS Next 5YN/A
Revenue 1Y (TTM)17.53%
Revenue growth 3Y3.07%
Revenue growth 5Y10.62%
Sales Q2Q%25.1%
Revenue Next Year13.8%
Revenue Next 2Y12.39%
Revenue Next 3Y13.99%
Revenue Next 5YN/A
EBIT growth 1Y129.82%
EBIT growth 3YN/A
EBIT growth 5Y-42.12%
EBIT Next Year614.63%
EBIT Next 3Y131.1%
EBIT Next 5YN/A
FCF growth 1Y-52.26%
FCF growth 3YN/A
FCF growth 5Y-12.55%
OCF growth 1Y-48.9%
OCF growth 3YN/A
OCF growth 5Y-8.96%
HAIVISION SYSTEMS INC / HAI.CA Fundamental Analysis FAQ
What is the fundamental rating for HAI stock?
ChartMill assigns a fundamental rating of 6 / 10 to HAI.CA.
What is the valuation status of HAIVISION SYSTEMS INC (HAI.CA) stock?
ChartMill assigns a valuation rating of 6 / 10 to HAIVISION SYSTEMS INC (HAI.CA). This can be considered as Fairly Valued.
What is the profitability of HAI stock?
HAIVISION SYSTEMS INC (HAI.CA) has a profitability rating of 6 / 10.
What is the financial health of HAIVISION SYSTEMS INC (HAI.CA) stock?
The financial health rating of HAIVISION SYSTEMS INC (HAI.CA) is 7 / 10.
Is the dividend of HAIVISION SYSTEMS INC sustainable?
The dividend rating of HAIVISION SYSTEMS INC (HAI.CA) is 0 / 10 and the dividend payout ratio is 0%.